Kuala Lumpur, 15 May 2026 – Japan’s government bond market came under renewed pressure on Friday as yields climbed to multi-year highs, reflecting a broader global selloff in sovereign debt driven by inflation concerns, elevated oil prices and shifting expectations over central bank policy.
The move was most pronounced at the longer end of Japan’s yield curve. The 30-year Japanese government bond yield rose to 4% for the first time since the instrument was introduced in 1999, while the 20-year yield climbed to 3.61%, its highest level since 1996. The 40-year yield also reached its highest point since its launch in 2007, underscoring growing investor unease over long-duration debt.
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